MINNESOTA FARMHOUSE ASSOCIATION (EIN 416044865) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Principal Officer

GARY SLOAN

Phone

6126245015

Tax Period

2023-07-01 to 2024-06-30

MINNESOTA FARMHOUSE ASSOCIATION, founded in 1935, is a small nonprofit that reported $222K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $356K exceeded revenue, resulting in a 60% operating deficit.

Mission

SEE PART III, LINE 4A

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,250

Program Service Revenue $218,560

Investment Income $2,624

Other Revenue $0

TOTAL REVENUE $222,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,426

Fundraising Expenses $0

Other Expenses $332,614

TOTAL EXPENSES $356,040

Year-over-Year Comparison

	2023	2022	Change
Revenue	$222,434	$384,026	-0.4%
Expenses	$356,040	$365,584	0.0%
Net Income	$-133,606	$18,442	-8.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL REIMAN	PRESIDENT	6.00	Officer Director	$0	$0	$0
JUSTIN SIEWERT	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY SLOAN	TREASURER	2.00	Officer Director	$0	$0	$0
JARED FRANKE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC OLSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BRUTLAG	DIRECTOR	1.00	Director	$0	$0	$0
DARRIN STROSAHL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$222,434	$356,040	$3,338,885	$-133,606
2023	$384,026	$365,584	$3,558,098	$18,442
2022	$352,834	$367,718	$3,624,790	$-14,884
2021	$289,886	$338,289	$3,732,579	$-48,403
2020	$286,953	$346,447	$3,858,689	$-59,494

MINNESOTA FARMHOUSE ASSOCIATION